Pursuit Foundation (EIN 742179425) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1981

Legal Domicile

Principal Officer

Charles K Njuguna

Phone

7135258405

Tax Period

2023-07-01 to 2024-06-30

Pursuit Foundation, founded in 1981, is a small nonprofit in the Human Services sector that reported $850K in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $2.5M exceeded revenue, resulting in a 191% operating deficit.

Mission

Supporting organization for The Center For Pursuit.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $75,300

Program Service Revenue $0

Investment Income $496,909

Other Revenue $278,225

TOTAL REVENUE $850,434

Expense Breakdown

Grants Paid $76,823

Salaries & Benefits $0

Fundraising Expenses $27,766

Program Expenses $1,534,420

Other Expenses $2,398,313

TOTAL EXPENSES $2,475,136

Year-over-Year Comparison

	2023	2022	Change
Revenue	$850,434	$610,436	+0.4%
Expenses	$2,475,136	$2,931,389	-0.2%
Net Income	$-1,624,702	$-2,320,953	-0.3%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$585,824

Total Directors

$311,956

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charles K Njuguna	President & CEO (from April 2024)	2.00	Officer Director	$0	$0	$0
Glen Shepard	President	2.00	Officer Director	$0	$0	$0
Shaheen Ladhani	Treasurer	2.00	Officer Director	$0	$0	$0
David Baldwin	Trustee	2.00	Director	$0	$0	$0
David Cunningham	Trustee	2.00	Director	$0	$0	$0
Allison Edwards	Trustee	2.00	Director	$0	$0	$0
Lance Reynolds	Trustee	2.00	Director	$0	$0	$0
Lisa Schott	Trustee	2.00	Director	$0	$0	$0
Charles C Canton	President & CEO (to April 2024)	2.00	Officer Director	$0	$72,419	$311,956
Peggy DeBartolo	Chief Financial Officer	2.00	Officer	$0	$75,134	$273,868
Kevin Kern	Chief Operating Officer	2.00	Highest	$0	$113,597	$297,564

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$850,434	$2,475,136	$55,127,915	$-1,624,702
2023	$610,436	$2,931,389	$60,471,750	$-2,320,953
2022	$2,786,898	$3,311,324	$62,182,991	$-524,426
2021	$12,885,980	$20,239,424	$65,855,899	$-7,353,444
2020	$6,989,234	$1,523,912	$50,732,582	$5,465,322
2019	$30,550,644	$2,111,938	$43,060,003	$28,438,706
2018	$1,837,791	$2,123,248	$14,233,967	$-285,457

Pursuit Foundation